Bill Text: MN SF1051 | 2011-2012 | 87th Legislature | Introduced
Bill Title: Minnesota River basin area II flood hazard mitigation appropriation and bond issuance
Spectrum: Bipartisan Bill
Status: (Introduced - Dead) 2011-03-28 - Referred to Capital Investment [SF1051 Detail]
Download: Minnesota-2011-SF1051-Introduced.html
1.2relating to capital improvements; appropriating money for flood hazard
1.3mitigation in Area II of the Minnesota River Basin; authorizing the sale and
1.4issuance of state bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. APPROPRIATION.
1.7$1,000,000 is appropriated from the bond proceeds fund to the commissioner
1.8of natural resources for a grant to the Minnesota River Board for the state's share of
1.9a flood hazard mitigation grant for publicly owned capital improvements to prevent or
1.10alleviate flood damage under Minnesota Statutes, section 103F.161, in Area II of the
1.11Minnesota River Basin.
1.12 Sec. 2. BOND SALE.
1.13To provide the money appropriated in section 1 from the bond proceeds fund,
1.14the commissioner of finance shall sell and issue bonds of the state in an amount up to
1.15$1,000,000 in the manner, upon the terms, and with the effect prescribed by Minnesota
1.16Statutes, sections 16A.631 to 16A.675, and by the Minnesota Constitution, article XI,
1.17sections 4 to 7.
1.18 Sec. 3. EFFECTIVE DATE.
1.19Sections 1 and 2 are effective the day following final enactment.
1.3mitigation in Area II of the Minnesota River Basin; authorizing the sale and
1.4issuance of state bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. APPROPRIATION.
1.7$1,000,000 is appropriated from the bond proceeds fund to the commissioner
1.8of natural resources for a grant to the Minnesota River Board for the state's share of
1.9a flood hazard mitigation grant for publicly owned capital improvements to prevent or
1.10alleviate flood damage under Minnesota Statutes, section 103F.161, in Area II of the
1.11Minnesota River Basin.
1.12 Sec. 2. BOND SALE.
1.13To provide the money appropriated in section 1 from the bond proceeds fund,
1.14the commissioner of finance shall sell and issue bonds of the state in an amount up to
1.15$1,000,000 in the manner, upon the terms, and with the effect prescribed by Minnesota
1.16Statutes, sections 16A.631 to 16A.675, and by the Minnesota Constitution, article XI,
1.17sections 4 to 7.
1.18 Sec. 3. EFFECTIVE DATE.
1.19Sections 1 and 2 are effective the day following final enactment.
